Market Forecast By Product Types(Milk Chocolate, White Chocolate, Dark Chocolate), By Distribution Channels(Supermarkets/ Hypermarkets, Grocery/ Mom n Pop Stores, Convenience Stores, Online Channel, Others(Specialized Retailers, Pharmacy, etc.)), By Chocolate Types(Count lines & Straight lines, Molded or Bar Chocolates, Choco-panned & Sugar panned, Others (Box chocolates, novelties, etc.))and Competitive Landscape
|Product Code: ETC001760||Publication Date: Feb 2023||Updated Date: Nov 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 8||No. of Tables: 2|
Germany Chocolate Market registered a decline of -5.52% in value shipments in 2022 as compared to 2021 and an increase of 1.17% CAGR in 2022 over a period of 2017. In Chocolate Market Germany is becoming less competitive as HHI index in 2022 was 1346 while in 2017 it was 1201. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Germany has reportedly relied more on domestic production to meet its growing demand in Chocolate Market. Germany is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Chocolate Market in 2022 was 0.49 while in 2017 it was 0.55. Poland, Belgium, Italy, Switzerland and Netherlands were among the top players of the market in 2022, where Poland acquired the largest market share of 26.82% with a shipment value of 320.7 million USD in 2022 Poland also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Chocolate Market. In 2017 Poland had the largest market share of 19.74% with the shipment value of 233.02 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Poland offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Germany Chocolate Market in 2017.
Latest 2023 Development of the Germany Chocolate Market
Germany Chocolate Market is expected to experience tremendous growth in the coming years. the major trends driving the growth of this market are the surging demand for premium and organic chocolate products. Additionally, consumers are becoming more conscious of the product quality and are willing to pay more for chocolates that are made with high-quality ingredients. Secondly, the Germany Chocolate Industry share is expanding with the increasing popularity of dark chocolate. Dark chocolate is perceived as a healthier alternative to milk chocolate due to the high amount of cocoa and less amount of sugar. Overall, the chocolate market remains an important sector of the country's food industry and is expected to expand in the coming years backed by evolving consumer preferences and an increasing focus on quality.
Increasing demand for premium and high-quality chocolate products is contributing towards market proliferation. Some other growth factors that are propelling the Germany Chocolate Market size are growing consumer preference for dark and sugar-free chocolates and rising health consciousness and awareness about the health benefits of dark chocolates. Moreover, growing tourism and the influx of foreign visitors also drive demand for the chocolate market.
Germany Chocolate Market is anticipated to project substantial growth during the upcoming years owing to rising penetration toward healthy lifestyles. Increasing innovation of products by the manufacturer such as the launch of diet and low-fat chocolates containing high cocoa is driving the Germany Chocolate Market Share. Moreover, the growing special occasion and versatility of chocolates as a gifting option for people of all age groups are adding to the development of the industry. Moreover, rising awareness regarding the health benefits associated with the consumption of dark chocolate such as the prevention of cardiovascular disease is adding to the Germany Chocolate Market Share.
Germany chocolate market report is a part of the Europe Chocolate Market report comprehensively covers the market by product types, distribution channels, and chocolate types. The Germany chocolate market outlook report provides an unbiased and detailed analysis of the Germany chocolate market trends, Germany chocolate market share, opportunities, high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.
Germany chocolate market is already one of the largest markets in Europe and is expected to witness steady growth over the coming years as well owing to an increase in the consumption of chocolates among German consumers so as to satisfy their cravings for sugar. Further, people have started preferring quality and taste over quantity which has surged the demand for premium and expensive chocolates in Germany. Moreover, people prefer chocolate over any other gifting item which has further propelled the demand for the chocolate market in the country.
According to 6Wresearch, the Germany Chocolate Market size is projected to grow at a CAGR of 1.8% during 2019–2025. The availability of a variety of flavours and expanding retail sector are the key factors catalyzing the growth of the chocolate market in Germany. An online chocolate distribution channel is also playing an eminent role in increasing the sales of chocolates and propelling the market growth. However, Germany’s market has almost reached a saturation point due to which it is attracting very less investment from global chocolate markets, and it may gain momentum if chocolate makers will bring up innovation that suits the taste and preferences of the customers.
The milk chocolate segment captured the majority of the market share in 2018; however, the dark chocolate segment is likely to exhibit the highest growth during the forecast period owing to the health benefits associated with it.
Boxed assortments have the highest market share in chocolate type due to the use of chocolates for gifting purposes, especially during occasions such as Valentine's Day and Easter, when the sales of boxed chocolates increase by around 25%.
Some of the key companies operating in the Germany Chocolate Market are:
The Germany chocolate market report provides a detailed analysis of the following market segments:
|1. Executive Summary|
|2.1 Report Description|
|2.2 Key Highlights of The Report|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3. Germany Chocolate Market Overview|
|3.1 Germany Country Indicators|
|3.2 Germany Chocolate Market Revenues, 2015-2025F|
|3.3 Germany Chocolate Market Revenue Share, By Product Types, 2018 & 2025F|
|3.4 Germany Chocolate Market Revenue Share, By Distribution Channels, 2018 & 2025F|
|3.5 Germany Chocolate Market Revenue Share, By Chocolate Types, 2018 & 2025F|
|3.6 Germany Chocolate Market-Industrial Life Cycle|
|3.7 Germany Chocolate Market-Porter’s Five Force Model|
|4. Germany Chocolate Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5. Germany Chocolate Market Trends|
|6. Germany Chocolate Market Overview, By Product Types|
|6.1 Germany Milk Chocolate Market Revenues, 2015-2025F|
|6.2 Germany White Chocolate Market Revenues, 2015-2025F|
|6.3 Germany Dark Chocolate Market Revenues, 2015-2025F|
|7. Germany Chocolate Market Overview, By Distribution Channels|
|7.1 Germany Chocolate Market Revenues, By Supermarkets/ Hypermarkets, 2015-2025F|
|7.2 Germany Chocolate Market Revenues, By Grocery/ Mom n Pop Stores, 2015-2025F|
|7.3 Germany Chocolate Market Revenues, By Convenience Stores, 2015-2025F|
|7.4 Germany Chocolate Market Revenues, By Online Channel, 2015-2025F|
|7.5 Germany Chocolate Market Revenues, By Other Distribution Channels, 2015-2025F|
|8. Germany Chocolate Market Overview, By Chocolate Types|
|8.1 Germany Chocolate Market Revenues, By Count lines & Straight-lines, 2015-2025F|
|8.2 Germany Chocolate Market Revenues, By Moulded or Bar, 2015-2025F|
|8.3 Germany Chocolate Market Revenues, By Choco-Panned & Sugar Panned, 2015-2025F|
|8.4 Germany Chocolate Market Revenues, By Other Chocolate Types, 2015-2025F|
|9. Germany Chocolate Market – Key Performance Indicators|
|10. Germany Chocolate Market – Opportunity Assessment|
|10.1 Germany Chocolate Market Opportunity Assessment, By Distribution Channels, 2025F|
|10.2 Germany Chocolate Market Opportunity Assessment, By Chocolate Types, 2025F|
|10.3 Germany Chocolate Market Opportunity Assessment, By Product Types, 2025F|
|11. Germany Chocolate Market Competitive Landscape|
|11.1 Germany Chocolate Market Competitive landscape, By Technical and Operating Parameters|
|11.2 Germany Chocolate Market Revenue Share, By Company, 2018|
|12. Company Profiles|
|12.1 Mondelez International, Inc.|
|12.2 Mars, Incorporated|
|12.3 Nestle Corporate|
|12.4 Ferrero Group Corporate|
|12.5 The Hershey Company|
|12.6 Chocoladefabriken Lindt & Sprüngli|
|12.7 Ghirardelli Chocolate Co.|
|12.8 Yildiz Holding|
|12.9 Groupo Arcor|
|12.10 Rittersport Company|
|13. Key Strategic Recommendations|
|LIST OF FIGURES|
|Figure 1. Germany Chocolate Market Revenues, 2015-2025F ($ Million)|
|Figure 2. Germany Chocolate Market Revenue Share, By Product Types, 2018 & 2025F|
|Figure 3. Germany Chocolate Market Revenue Share, By Distribution Channels, 2018 & 2025F|
|Figure 4. Germany Chocolate Market Revenues, By Distribution Channels, 2015-2025F ($ Million)|
|Figure 5. Germany Chocolate Market Revenue Share, By Chocolate Types, 2018 & 2025F|
|Figure 6. Germany Chocolate Market Opportunity Assessment, By Distribution Channels, 2025F|
|Figure 7. Germany Chocolate Market Opportunity Assessment, By Chocolate Types, 2025F|
|Figure 8. Germany Chocolate Market Opportunity Assessment, By Product Types, 2025F|
|LIST OF TABLES|
|Table 1. Germany Chocolate Market Revenues, By Product Types, 2015-2025F ($ Million)|
|Table 2. Germany Chocolate Market Revenues, By Chocolate Types, 2015-2025F ($ Million)|